A break above 1.3472 would be a strong indication that a "3rd of a 3rd" wave is underway in the euro.

Buoyed by rising prices in the corporate service sector which hit a nine year high, the yen finally saw some unambiguous strength in the currency market with a number of factors contributing to its rally.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for June 26.

The relative steepness of the trendline gives the trader important information regarding the trend.

Todd Gordon writes that the EUR/JPY currency pair is facing significant technical resistance on the dailies.

Derek Frey provides weekly market commentary on currencies for the week of June 25.

Relatively mixed on the day, the US dollar was neither stronger nor weaker against the majors as conflicting sentiment helped to keep the greenback in neutrality.

The sole economic release out of the US on Monday sent an unsurprising message: the housing market is still crumbling.

Roiled by comments made by central bank Governor Zhou Xiaochuan, equity markets were taken back as investors continued to fret over another plausible rate hike in the short term.

The greenback picked up strength throughout the New York morning, but mild price action has left the currency relatively unchanged from yesterday ahead of this week's marquee event: the FOMC decision on Thursday.